- redundancy re‧dun‧dan‧cy [rɪˈdʌndənsi] noun redundancies PLURALFORM [countable, uncountable] especially BrE HUMAN RESOURCESwhen someone loses their job in a company because the job is no longer needed:
• Over 2000 car workers now face redundancy.
• Several members of staff have taken voluntary redundancy (= they have agreed to be made redundant, usually in return for a cash payment ) .
• Because of low export sales, the company was forced to make 700 redundancies.
• a generous redundancy package (= all the payments and other benefits that someone receives from their company when they are made redundant )word focus - redundancyWhen people lose their job or are made redundant, they are forced to leave their job because their company can no longer afford to employ them:
• At least 2,000 computer programmers have been made redundant in the past year.If someone is fired or dismissed formal , they have to leave their job, especially because they have done something wrong:
• She was fired for serious professional misconduct.If someone is sacked or given the sack , they must leave their job, for example because they did not do the job well enough, they were no longer needed, or they did something wrong :
• He was sacked for drinking during office hours.colˌlective reˈdundancy HUMAN RESOURCESa situation in which a group of workers all lose their jobs, because there is no more work for them to do:
• Employees who lose their jobs in a collective redundancy situation are entitled to receive special compensation from their employer.
* * *redundancy UK US /rɪˈdʌndənsi/ noun [C or U] (plural redundancies)► HR a situation in which someone loses their job because their employer does not need them: »
The takeover is expected to result in over 1,000 redundancies.be threatened with/face redundancy »
200 workers at the plant face redundancy.volunteer for/take redundancy »
Employees feel their only options are to move or take redundancy.compulsory/voluntary redundancy »
The bank has asked its 700 support staff to consider voluntary redundancy.»
a redundancy programme/scheme»
a redundancy notice
Financial and business terms. 2012.